TAP aims for third-party MRO market in South America

TAP Maintenance & Engineering is working to become a significant third-party player in South America following its acquisition of VEM-Varig Engineering and Maintenance earlier this year (ATWOnline, Oct. 4). TAP, which led the consortium that purchased the Brazilian company, invested €20 million in the recently renamed VEM Maintenance & Engineering, in which it holds a 51.1% stake. The VEM unit is 2.5 times larger than the TAP MRO center in Lisbon.
"The main reason for [the deal ...